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China is second-biggest bitcoin mining hub despite Beijing’s ban

By September 2021, China made up just over 22% of the total bitcoin mining market, according to Cambridge University research.Paul Ratje | The Washington Post | Getty ImagesBitcoin miners aren't giving up in China despite Beijing's ban on the practice.China was once the...

Bitcoin (BTC) price falls below $26,000 as crypto sell-off intensifies

Bitcoin fell below $26,000 for the first time in 16 months, amid a broader sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day.The price of bitcoin plunged as low as $25,401.29 on Thursday morning, according...

El Salvador buys 500 bitcoin as crypto market sell-off continues

President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the Latin Bitcoin conference (LaBitConf) at Mizata Beach, El Salvador, where he announced "Bitcoin City", on November 20, 2021.Marvin Recinos | AFP | Getty ImagesEl Salvador just added...

Bitcoin briefly dips below $30,000, drops more than 56% from its all-time high

Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold.At its lowest price point, the world's most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time high of around $69,000....

40% of bitcoin investors underwater: Glassnode data

Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.That percentage is even higher when you isolate for the short-term holders who got skin in the game in...

Dorsey, Saylor, Fidelity write to EPA to defend bitcoin mining

Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee, and Michael Saylor — have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate the environmental effects of crypto mining.Bitcoin operates on...